The US PGA Championship 2016 gets underway on Thursday and BoyleSports are getting in on the action! Bet £20.00 on the US PGA Championship Outright Winner market and BoyleSports will give us a £2.00 free bet each time our player scores a bogey during the first two rounds. Translated into matched betting terms, this gives us a potential profit of £14.81 and here’s how…
Qualifying Bet:
We must opt-in on the promotion page to be eligible for this offer.
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed pre-tournament. The first group of players will tee off at 12:00 on Thursday 28th July 2016.
It’s entirely up to you who you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on Dustin Johnson.
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
You can find the US PGA Championship market by entering ‘US PGA Championship’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Golf > Majors 2016 > US PGA Championship
We can work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £19.19…
Place £20.00 on Dustin Johnson @ 9.00 = Potential profit of £160.00
Lay £19.19 on Dustin Johnson @ 9.40 = Potential liability of £161.19
Let’s have a look at our potential profit/loss for the two outcomes…
| Dustin Johnson wins | + £160.00 – £161.19 = £1.19 loss |
| Dustin Johnson doesn’t win | – £20.00 + £18.81 (£19.19 minus 2% commission) = £1.19 loss |
So, regardless of who wins the tournament, we will lose £1.19 in qualifying for our potential free bets.
Free Bets:
For every hole that Dustin Johnson bogeys during the first two rounds, we will receive a £2.00 free bet by 12:00 the following day. Free bets will be valid for 7 days.
Free bets are capped at £10.00 per day. Therefore, if Dustin Johnson were to card 5 bogeys in each of the first two rounds, we would receive £20.00 in free bets, from which we would extract 80% as cash, so £16.00. If we take into account our qualifying loss of £1.19, this gives us a potential profit of £14.81 on this BoyleSports offer!
* Dustin Johnson carded 6 bogeys (including 2 double bogeys) in the first round and 3 bogeys in the second round, meaning I made a profit of £11.61 on this BoyleSports offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.